Share on StockTwits
 

Automatic Data Processing (NASDAQ:ADP) VP Jan Siegmund sold 2,317 shares of Automatic Data Processing stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $76.00, for a total value of $176,092.00. Following the sale, the vice president now directly owns 37,741 shares in the company, valued at approximately $2,868,316. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of Automatic Data Processing in a research note on Thursday, January 9th. They set a “sector perform” rating on the stock. Separately, analysts at Argus raised their price target on shares of Automatic Data Processing from $80.00 to $88.00 in a research note on Friday, January 3rd. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Automatic Data Processing in a research note on Thursday, December 5th. They set an “equal weight” rating and a $82.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $74.68.

Shares of Automatic Data Processing (NASDAQ:ADP) traded up 0.34% during mid-day trading on Tuesday, hitting $76.53. 1,176,336 shares of the company’s stock traded hands. Automatic Data Processing has a 52 week low of $60.07 and a 52 week high of $83.82. The stock has a 50-day moving average of $78.05 and a 200-day moving average of $75.60. The company has a market cap of $36.874 billion and a P/E ratio of 26.12.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company posted $0.72 earnings per share. Automatic Data Processing’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Automatic Data Processing will post $3.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, March 12th.

Automatic Data Processing, Inc (NASDAQ:ADP) is a provider of business outsourcing solutions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.